The Nordam Group LLCbenefits

The Nordam Group LLC's benefits plans covered 1,464 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $14,260,191. Insurance brokers and agents were paid $541,877 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.8% of premiums. That is $370 per covered person, above the median for employer plans that report broker pay. Broker pay rose 42% from $381,800 in 2023.